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Senior Reinsurance Accountant

Senior Reinsurance Accountant

Location: Charlotte, NC or NYC (Midtown)

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We are currently recruiting for a Senior Reinsurance Accountant in Charlotte, NC or NYC office (Remote & hybrid). The team is responsible for the purchasing and management of Ceded Reinsurance placements.  The Ceded Accounting team will provide accurate and timely production of financial statements, production reports, client receivables/payables and be actively involved in cash processing, collection and disbursement as well as ad-hoc project requests. Additionally, identify and research issues arising from processes and producing/communicating results in an accurate and timely manner. Local candidates only. Must be in a commutable range to Charlotte, NC or NYC (Midtown) for remote / hybrid schedule. Compensation: Base + Bonus + Benefits Package

Responsibilities:

  • Prepare and distribute Account Statements and Bordereaux
  • Support reinsurance programs including collaboration and production of assumed/ceded premium and loss accounting, reinsurance premium and loss allocation as well as reinsurance receipt and disbursement processes
  • Prepare and understand contractual adjustable features
  • Understand various reinsurance program arrangements (e.g. Pro-Rata and Excess of Loss Treaties), and perform corresponding accounting treatments
  • Facilitate timely and accurate cash receipts and disbursements
  • Develop strong relationships with our internal Underwriting Units to ensure quality service
  • Support and work with the reinsurance operations team on processes and controls over collateral used to secure reinsurance exposures (including bad debt and reserve analyses) and to mitigate Schedule F penalties
  • Prepare Annual Schedule F and various collateral documents as well as US Commerce reports
  • Maintain compliance to SOX, regulatory reporting and company policies, including analysis and reconciliation of reinsurance related accounts
  • Assist in annual STAT audit including providing information as requested by external auditor, premium confirmation letters and support for all requested balances
  • Ability to work on and resolve complex problems, and partner with Claims, IT, Accounting, Underwriting and Operations departments as needed
  • Troubleshoot data reconciliation and variance issues with operations, and resolving unallocated cash issues
  • Strong analytical ability, and detail oriented with the ability to work on high volume of daily transactions

Experience:

  • Bachelor’s degree Accounting/Finance
  • 3+ years relevant experience in Reinsurance Accounting
  • Must have proficiency with Microsoft Office Suite
  • Expert Level Excel Skills Required (Pivot Tables, V-Lookups, etc.)
  • SAP-GL, FSRI and FSCD experience preferred
  • Excellent verbal and written communication skills

 

No relocation. No sponsorship. Local candidates only. Must be in a commutable range to Charlotte, NC or NYC (midtown) for remote / hybrid schedule. Compensation: Base + Bonus + Benefits Package

To apply email resume to porecchio@bellwetherstaffing.com